Apologies for missing my usual weekly post early this week. Easter festivities got in the way.I did, however, update my latest signals table with last week’s data from the Commitments of Traders report.Signals that took effect this week: bullish for the BKX U.S. Bank Index and silver, bearish for crude oil. Other signals remained the same.Tune back in after Friday’s COT report for an updated signals table and a (more timely!) post here. [Read More...]
S&P 500 Traders Love the Rally; Natural Gas Goes Bearish: CFTC’s COT Report
“Smart money” commercial hedgers are giving the all-clear sign for an equities rally, according to Friday’s Commitments of Traders report from the U.S. Commodity Futures Trading Commission.Commercial traders in S&P 500 futures and options continued a seven-week build-up in their net position as a portion of total open interest.Their positioning has flipped my signal from bearish, which it has been since April 14, to bullish, with a trade delay of two weeks. That means the signal takes effect the open of trading the week of June 16.See my latest signals table for more details on trader positioning in the S&P 500 and the other nine markets I trade using the free weekly COT reports.My signal for the BKX U.S. Bank … [Read More...]
S&P 500 Sentiment Keeps Looking Up, While Banks, Crude and Copper Cash Out: COT Reports
Three signals take effect on this week’s open of trading thanks to the latest Commitments of Traders data.It’s cash for the BKX U.S. Bank Index, crude oil and copper based on my reading of the COT reports issued free weekly by the U.S. Commodity Futures Trading Commission.Meanwhile, “smart money” commercial hedger sentiment in S&P 500 futures and options continues to improve, as you can see on my latest signals table.My SPX signal goes from bearish to bullish on next week’s open of trading (i.e. the week of June 16).Good luck this week. [Read More...]